Prime Development Site with Panoramic Bay Views
Risan, Bay of Kotor – UNESCO Protected Area
An exceptional fully permitted development project is offered for urgent sale in Risan, one of the most authentic and high-potential locations in the Bay of Kotor. Opportunities of this scale, readiness, and legal clarity are extremely rare within the UNESCO zone.
Location & Positioning
Bay of Kotor (UNESCO World Heritage Site)
Elevated hillside position at approx. 65 m above sea level
Unobstructed panoramic views of the bay and open sea
Approx. 7 minutes’ walk to the coast and promenade
Peaceful, natural surroundings with excellent accessibility
Land & Infrastructure
Total land area: approx. 13,000 m²
Direct road access
Electricity, water, and sewage connections available nearby
Ideal orientation for premium residential and hospitality concepts
Legal & Planning Status (Turn-Key Ready)
This project is fully de-risked from a development standpoint:
UTU conditions issued
Building permit obtained
All communal and development fees fully paid
Clean title – no encumbrances, mortgages, or liabilities
This allows an investor or developer to start construction immediately, significantly reducing time-to-market.
Approved Development Concept (Phase 1)
9 residential buildings
55 apartments
Designed for the premium residential and tourist market
The concept is ideally suited for:
Luxury residential apartments
High-end aparthotel
Mixed-use residential / tourist project
Layout, elevation, and positioning maximize sea views while respecting UNESCO regulations and local architectural context.
Transaction Structure
The seller is flexible and open to:
Asset deal
Company (share) deal
Joint Venture (JV) with a strategic development partner
This flexibility makes the project suitable for:
International developers
Private equity investors
Family offices
Strategic hospitality or residential operators
Investment Rationale
Rare large-scale development opportunity in the Bay of Kotor
Fully permitted project — minimal regulatory risk
Immediate development potential
Strong and growing demand for premium residential and tourist real estate
Limited future supply due to UNESCO protection
Price €5,500,000
⚠️ Urgent sale
